Bloomberg Oil rose as investors weighed whether output cuts being discussed by the world’s top producers will be enough to offset the demand destruction wrought by the coronavirus. Futures in New York climbed around 3% towards $25 a barrel. Saudi Arabia and Russia are hammering out an agreement that a delegate said will reduce global output by about 10 million ...

Bloomberg India, the world’s third biggest oil consumer, is set to snap up millions of barrels of Middle East crude for its strategic reserves, signalling its support for global efforts to rescue the energy market. The purchases are aimed at taking advantage of low prices, according to officials with knowledge of the matter. But two of them said they’re also ...

DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower) announced the successful completion of all the required preparations at its district cooling plants across Dubai, to cater to the increasing demand during the summer, with the most sustainable and reliable technologies in district cooling operations and maintenance. The company cited a forecast by the National Centre of Meteorology, which says ...